Robinhood Markets is rolling out crypto perpetual futures to U.S. retail traders with up to 10x leverage on Bitcoin and Ethereum, effective Sept. 29.
Bitcoin and Ethereum perpetuals carry full 10x leverage—a $1,000 margin controls $10,000 notional exposure. Six additional assets—Solana, XRP, Dogecoin, Cardano, Chainlink and HYPE—are capped at 3x leverage. The pricing is aggressive: Robinhood set trading fees at 0.01 percent through end of 2026 to drive volume during launch.
Robinhood Derivatives, a CFTC-registered futures commission merchant and NFA member, operates the product suite. This regulatory structure allows leverage products within compliant U.S. frameworks. The infrastructure stems from Robinhood's Bitstamp acquisition in June 2025 for roughly $200 million, which provided established exchange systems and regulatory relationships.
The domestic launch follows an April 2026 crypto perpetual futures rollout in the European Union. Robinhood is targeting its majority U.S. user base after expanding into AI trading agents and weekend equity trading.
The 10x lever carries execution risk: a 10 percent adverse move liquidates the entire position. Robinhood capped leverage on smaller tokens at 3x to reduce liquidation risk for its user base, which historically skews toward less experienced traders.
